Qualified Investors: 16.5% IRR, 240 Units, A-, Light Value Add
Equity is Officially Open for Nantucket Cove | 240 Units | Class A- | Workforce Housing | Light Value Add Strategy
Accredited Investors Only, 50K Minimum Investment. 5 to 7 Year Hold Period with Immediate Cash Flow.
Document(via Dropbox) Link to Offering Memorandum
Notable Highlights:
- 7.4% Cash on Cash Year 1 with prorated allocation of depreciation to investors to "shelter the income."
- 11.35% Average Cash on Cash during the hold period.
- IRR 16.55% & Investment Multiple of 2.43X (5 Year Hold)
- 1st large partial return of capital anticipated early in year 3.
- Acquisition cost far below replacement cost.
- Multiple Possible Exit Strategies on Sale or Refinance
- Strong, diversified G.E.M. (Government, Education, Medical) Market with 241,000 population and over 47,000 students
Offering